Golden Pass LNG’s startup delay after a two-month construction stoppage this year has muted U.S. feedgas demand through 2024. That demand was initially expected to show a significant jump in the second half of 2024 with the first of three Golden Pass trains reaching mechanical completion, but that initial commissioning has been pushed to 1H 2025 followed by first LNG in the back half of next year.
Featured Articles
- Analyst Insight
Golden Pass LNG Delays Initial Startup to Late 2025
Golden Pass LNG delays first LNG to late 2025 after work stoppage
- Analyst Insight
Golden Pass LNG and Zachry Propose Contract Dispute Settlement
Golden Pass and Zachry Holdings propose settling dispute over construction contract and other issues raised in Zachry's Chapter 11 bankruptcy case
- Blog
Tired of Waiting for You - U.S. LNG at a Standstill Waiting out Construction, Regulatory, Legal Delays
U.S. LNG was poised for a year of massive growth in 2024, with new terminals and expansions set to cause feedgas to rise and commercial success in the years following Russia’s 2022 invasion of Ukraine set to spur further LNG project development. Instead, construction delays have pushed projects back and feedgas in the past three months has averaged about 500 MMcf/d less than the same period last year. Meanwhile, the Biden administration’s pause on non-free trade (FTA) export licenses, lengthy delays to the Federal Energy Regulatory Commission (FERC) authorization process and the resulting legal challenges to both have brought project development to a near-standstill. In today’s RBN blog, we look at current U.S. LNG feedgas demand and how construction delays have shifted expectations for the next few years.
